40 S Blvd of the Presidents Sarasota Florida | Home for Sale
To schedule a showing of 40 S Blvd of the Presidents, Sarasota, Florida, Call David Shippey at 863-521-4517 TODAY!
Sarasota, FL 34236
- N/ABeds
- 0.00Total Baths
- 0 Full, 0 HalfBaths
- 9,313SqFt
- 1964Year Built
- 0.11Acres
- MLS# T3512818
- Commercial
- MixedUse
- Active
- Approx Time on Market5 months, 30 days
- Area34236 - Sarasota
- CountySarasota
- Subdivision Saint Armands Div John Ringling Estates
Overview
ONE-OF-A-KIND, FABULOUS COMMERCIAL OPPORTUNITY with this EXPANSIVE, END-UNIT BUILDING in the heart of prestigious ST. ARMAND'S CIRCLE in Sarasota! This property is currently a two story building, though the City of Sarasota has APPROVED THE ADDITION OF A THIRD FLOOR, making it THE ONLY THREE STORY BUILDING in all of St. Armand's!!St. Armand's Circle is known for its high-end boutiques, unique specialty shops, exquisite restaurants, and amazing art galleries, and it is THE place to be for SW Florida tourism! Nestled between Downtown Sarasota and Longboat Key and Lido Key beaches, Sarasota Bay and the Gulf of Mexico, it is a high-traffic, high retail and dining area, close to some of Sarasota's finest luxury hotels and yacht clubs. St. Armand's seems to have a pulse all its own, and it is something you must experience to truly appreciate the rich, vibrancy and culture that truly IS SAINT ARMAND'S CIRCLE!With rich, classic architecture and great modern amenities and updates throughout, this property presents a very unique opportunity for investors or businesses looking to establish themselves in a thriving, upscale market area, rich in tourism and culture! This property boasts a range of features and updates, making it a compelling opportunity for buyers seeking a comfortable, modern multi-use space .The first floor features FORTY FEET OF WINDOW FRONTAGE for great interior visibility and plenty of natural light, gorgeous, rich tongue and groove ceiling feature, tile flooring throughout, 2 restrooms, storage room, office (which can be converted back to a third restroom), a large bar / concierge / service desk, a wine cellar, and a 1,000sf full commercial kitchen with two entrances and a walk-in cooler.The second floor features a total of nine various sized office suites, two restrooms, and an FCAP room, all with BRAND NEW LVP FLOORING spanning the entire second floor. This provides an excellent opportunity for versatility for a range of businesses and / or lease options. Currently, two of the offices have tenants who are on month-to-month leases, providing ease and flexibility for the new owners. You can easily access the second - AND SOON TO BE THIRD FLOOR - via either of the TWO INTERIOR STAIRWAYS or the INTERIOR ELEVATOR. Should you choose to rent out the second floor or any of its offices, you'll have peace of mind in the lock-out feature from the stairway / elevator corridor, thus securing the first floor business and its contents.The culmination of first and second floor indoor space spans an impressive 9,313sf, providing plenty of room to take advantage of the multi-use zoning. This building was structured to accommodate a SIX STORY BUILDING! There truly is nothing else like it in St. Armand's! In addition to its current layout, the seller is in the permitting phase of adding a third floor, further enhancing its potential as well as its value!There are more than 360 parking spaces within one block, 56 right in front of the building.This building was professionally inspected in 2023. Overall, there are 16 HVAC units, ranging in age from 1997-2022.Sellers have rented the first floor for more than $37,000 / month, triple net, and a portion of the upstairs offices for more than $13,000 / month, triple net.
Agriculture / Farm
Grazing Permits Blm: ,No,
Grazing Permits Forest Service: ,No,
Grazing Permits Private: ,No,
Horse: No
Association Fees / Info
Senior Community: No
Association: ,No,
Bathroom Info
Building Info
Roof: BuiltUp
Building Area Source: PublicRecords
Business Info
Buyer Compensation
Exterior Features
Pool Private: No
Financial
Original Price: $10,500,000
Garage / Parking
Open Parking: No
Attached Garage: No
Garage: No
Carport: No
Green / Env Info
Irrigation Water Rights: ,No,
Interior Features
Fireplace: No
Spa: No
Lot Info
Direction Remarks: From the roundabout at Fruitville Rd. and N. Tamiami Trail, take the third exit onto N. Tamiami Trail. Turn West onto Gulfstream Ave. This road becomes John Ringling Causeway. At St. Armand's Cir., take the third exit onto Blvd. of the Presidents. Subject is the last building, corner unit.
Lot Size Units: Acres
Lot Size Acres: 0.11
Lot Sqft: 5,000
Road Frontage Type: Alley, CityStreet
Other
Special Conditions: None
Other Rooms Info
Basement: No
Property Info
Habitable Residence: ,No,
Section: 26
Class Type: MixedUse
Property Sub Type: MixedUse
Property Attached: No
New Construction: No
Construction Materials: Brick, MetalFrame, Concrete
Total Stories: 2
Mobile Home Remains: ,No,
Foundation: Slab
Home Warranty: ,No,
Human Modified: Yes
Sqft Info
Sqft: 9,313
Bulding Area Sqft: 10,000
Living Area Units: SquareFeet
Living Area Source: PublicRecords
Tax Info
Tax Year: 2,023
Tax Lot: 1
Tax Legal Description: LOT 1 BLK 11 ST ARMANDS DIVISION
Tax Block: 11
Tax Annual Amount: 53925.23
Tax Book Number: 2-30
Unit Info
Rent Controlled: No
Utilities / Hvac
Electric On Property: ,No,
Cool System: CentralAir
Cooling: Yes
Heating: No
Waterfront / Water
Waterfront: No
View: No
Directions
From the roundabout at Fruitville Rd. and N. Tamiami Trail, take the third exit onto N. Tamiami Trail. Turn West onto Gulfstream Ave. This road becomes John Ringling Causeway. At St. Armand's Cir., take the third exit onto Blvd. of the Presidents. Subject is the last building, corner unit.This listing courtesy of Lpt Realty
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MLS IDX data last updated on 09-20-2024 7:49 PM EST.
If you have any questions on 40 S Blvd of the Presidents, Sarasota, Florida, please call David Shippey at 863-521-4517.
MLS# T3512818 located at 40 S Blvd of the Presidents, Sarasota, Florida is brought to you by David Shippey REALTOR®
40 S Blvd of the Presidents, Sarasota, Florida has , 0 Full Bath, and 0 Half Bath.
The MLS Number for 40 S Blvd of the Presidents, Sarasota, Florida is T3512818.
The price for 40 S Blvd of the Presidents, Sarasota, Florida is $10,500,000.
The status of 40 S Blvd of the Presidents, Sarasota, Florida is Active.
The subdivision of 40 S Blvd of the Presidents, Sarasota, Florida is Saint Armands Div John Ringling Estates.
The home located at 40 S Blvd of the Presidents, Sarasota, Florida was built in 2024.
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